Catalina Resources (ASX:CTN) advances Mid West exploration activities

Catalina Resources has commenced exploration planning and technical review activities across its recently acquired Mid West Projects in Western Australia, comprising the Kirkalocka, Pithara, Warriedar and Tallering project areas.

The work follows completion of the acquisition and includes the review of geological, drilling, geochemical and geophysical datasets, together with field reconnaissance, target prioritisation and drill planning activities.

The company has also commenced heritage due diligence and land access activities across priority areas, with engagement underway with local landholders and farming stakeholders to support access planning for future drilling programs.

Highlights

• Exploration planning across Mid West tenure commenced, with field reconnaissance scheduled for mid June.
• Drill planning for priority targets expected within approximately six weeks.
• Technical review and drill planning includes the Kirkalocka Project, which is directly adjacent to the Kirkalocka Gold Processing Plant currently being advanced toward recommencement with 2Mtpa throughput.
• Heritage, access and stakeholder activities are underway to support progression toward drilling.
• Indicative cash position is approximately $5.037 million following the recent capital raising associated with the acquisition.

Following completion of the acquisition, Catalina commenced a systematic technical review of geological, drilling, geochemical and geophysical, including radiometric, datasets across the portfolio.

The work includes the generation and prioritisation of exploration targets for field inspection in mid June, with the company stating that extensive historical datasets provide a basis for advancement of priority targets.

The Mid West Projects comprise a landholding prospective for gold and base metal mineralisation across several underexplored greenstone belts in Western Australia, with the portfolio including historical workings, previously identified drill targets, geophysical anomalies and areas of limited modern exploration.

Historical exploration across the project areas has defined mineralisation, multiple mineralised trends and extensive datasets.

The portfolio includes the Kirkalocka Project, located within the southern Wydgee Meekatharra Greenstone Belt adjacent to the Kirkalocka processing plant, and contains multiple historically identified gold targets associated with interpreted structural corridors and underexplored greenstone belt.

The Tallering Project comprises approximately 236km² covering 30km of strike along the Tallering Greenstone Belt, where historical exploration identified multiple coincident EM and IP anomalies associated with gold, silver and copper mineralisation.

Additional assets include the Pithara Project within the Dalwallinu Greenstone Belt, which incorporates the historical Pithara Gold Mine and additional tenure near Bolgart, where historical exploration identified shallow high grade gold mineralisation and multiple underexplored mineralised trends.

The portfolio also includes the Warriedar Project, Deflector North Project, Peak Hill Project, Big Bell North and Big Bell South Projects, and the Boodanoo Project.

Catalina Executive Director Ross Cotton said:

“Activities are currently underway across the portfolio with the objective of progressing priority target areas toward drilling as soon as possible.”

Catalina anticipates completing technical review, target prioritisation, field reconnaissance and drill planning within approximately six weeks, with the review incorporating historical data compilation, target ranking, heritage and access considerations, together with planning for initial drilling programs across priority target areas.

The company stated that its current focus is progressing priority targets toward drill testing following completion of planning and access activities and that it will continue to update shareholders as exploration activities progress.

The recent capital raising associated with the acquisition has provided funding to progress review activities and initial drilling programs across priority target areas as planning and access activities are completed.

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